221 HIGHVIEW DRIVE, St. Thomas, Ontario, N5R5H6

Property Description

A rare opportunity for investors seeking a high-quality, cash-flowing asset in a prime location. This purpose-built six-unit apartment building is constructed with solid concrete floors and exterior walls, with each suite functioning as its own fire-rated compartment-delivering exceptional durability, safety, sound attenuation, and long-term value. Ideally located directly across from Elgin Mall, the property offers tenants outstanding convenience with shopping, public transit, and everyday amenities just steps away, supporting strong and consistent rental demand. Each updated unit features a modern, durable finish package including stainless steel appliances, tiled flooring throughout, porcelain-tiled kitchens, plank porcelain bathroom tile, and all-wood trim and doors that provide a warm, contemporary feel while minimizing maintenance. The building is designed for efficient ownership, offering on-site coin-operated laundry in the lower level for additional income, individual water heaters in each unit, and separate hydro meters-allowing for simplified management and greater control over operating costs. Whether you are expanding an established portfolio or acquiring a stable, low-maintenance investment, this well-built and well-located apartment building represents an excellent long-term opportunity. (id:64974)

Quick Facts

• Property Type: Other
• Bedrooms: 12 (12 above)
• Bathrooms: 6
• Parking: 7 spaces (No Garage)
• Frontage: 88 ft (26.7 m)

Costs

• Annual Taxes: $8,934.54

Listing Provided by: ROYAL LEPAGE TRILAND REALTY
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.